🚨 $BTC is approaching a key decision zone.
• Bitcoin is attempting to reclaim the weekly open around $65.7k, but so far the reaction looks weak.
• The sharp selloff broke market structure and shifted momentum firmly in favor of bears.
• As long as BTC remains below the weekly open, this move can be viewed as a relief rally rather than a trend reversal.
• The major demand zone sits between $55k–$58k, with $55k acting as the key liquidity target.
• Bulls need a strong reclaim above $66k–$67k to invalidate the immediate bearish outlook.
📉 The market is currently at resistance after a violent drop. Acceptance below the weekly open increases the probability of another leg lower toward the $55k support region.
• Bitcoin is attempting to reclaim the weekly open around $65.7k, but so far the reaction looks weak.
• The sharp selloff broke market structure and shifted momentum firmly in favor of bears.
• As long as BTC remains below the weekly open, this move can be viewed as a relief rally rather than a trend reversal.
• The major demand zone sits between $55k–$58k, with $55k acting as the key liquidity target.
• Bulls need a strong reclaim above $66k–$67k to invalidate the immediate bearish outlook.
📉 The market is currently at resistance after a violent drop. Acceptance below the weekly open increases the probability of another leg lower toward the $55k support region.